EN Submit a tool
Industry

Nvidia Plans to Guarantee $250 Billion to Help OpenAI Lease Computing Power

Published: Source: X: Kim (@kimmonismus)

ShareXFacebookTelegramWhatsApp

Nvidia Plans to Guarantee $250 Billion to Help OpenAI Lease Computing Power

According to WSJ, Nvidia is considering providing up to $250 billion in guarantees for OpenAI to lease computing power from a $500 billion data center. The guarantee is not a direct investment but supports OpenAI's leases and project debt to facilitate SoftBank's financing. Additionally, Nvidia separately discussed providing up to $350 billion in chip procurement financing for OpenAI.

Read the original (opens in a new tab)

News stream data aggregated by AI HOT

Related newsLatest in this category
· X: Shao Meng (@shao__meng)
· X: Rohan Paul (@rohanpaul_ai)
· X: Thinking Machines (@thinkymachines)
· X: Rohan Paul (@rohanpaul_ai)